The Silver Badge Party was an 'unofficial' organisiation that was basically a political party. They put forward candidates in some elections but the "party" was actually made up of members of various veterans groups.
As the Silver War Badge was only issued to 'service personnel who had been honourably discharged due to wounds or sickness from military service in World War I ' , it is highly unlikely that it was a requirement of a 'political organisation' that was supposed to represent all veterans.
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